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Pig farms of CP Group polluting Buoi river in HCMC
The increase in the number of big farms which do outsourcing for CP Group has contributed to serious pollution in many localities. As CP Group, an agribusiness from Thailand, has been expanding its business in Vietnam for many years, the number of pig farms which raise ...
PM urges Hanoi to remove barriers for stronger development
Hanoi should take strong measures to remove barriers which inhibit the city from developing and integrating, stressed Prime Minister Nguyen Xuan Phuc. Talking to the press, the government leader highlighted huge potential, advantages and opportunities for Hanoi to turn it into a green modern city with ...
Vietnam, Cambodia issue Joint Statement
At the invitation of His Majesty Preah Bat Samdech Preah Boromneath Norodom Sihamoni, King of Cambodia, H. E. Mr. Tran Dai Quang, President of the Socialist Republic of Vietnam , and Madame Nguyen Thi Hien led a high – level Vietnamese delegation to pay a ...
Giant projects to kick off in Thu Thiem
Since Thu Thiem development scheme was released, investors have flocked to this region. Many billion USD estate projects have been proposed. In mid-May 2016, a group of American companies proposed a $4 billion project in Thu Thiem in Ho Chi Minh City. The investors consist of ...
Gold miner Besra Vietnam suffers massive losses
Canadian Besra Inc.’s Besra Vietnam, the operator of two gold mines in the central province of Quang Nam, namely Phuoc Son Gold Company Ltd. and Bong Mieu Gold Mining Company Ltd., has suffered a loss of over VND1 trillion ($44.7 million) with a short-term debt ...
VN Central Bank’s $12 billion worth of US govt bonds not a surprise
Indonesia, Thailand and Malaysia, with forex reserves many times bigger than Vietnam’s, only invest 10 percent of reserves on US government bonds. Meanwhile, the proportion is 30 percent for Vietnam. Singapore invests $109 billion on similar items, while the Philippines has poured $41 billion into the ...
Industry Ministry crushes Binh Son export aspirations
The Ministry of Industry and Trade has refused Binh Son Refining and Petrochemical Co. (BSR)’s proposal to export Dung Quat oil refinery’s products, according to newswire Vneconomy. According to the MoIT, the government put a high priority on consuming Dung Quat’s products on the domestic market, ...
Productivity soars for Vietnam
Vietnamese workers have substantially improved their productivity levels in the last 15 years, according to ICAEW’s latest ‘Economic Insight: South East Asia’ event launched in Ha Noi on 10 June. According to the Institute of Chartered Accountants in England and Wales report, ‘pure productivity’ grew 2.3 ...
No decision yet to be made on Noi Bai Int’l Airport expansion
No plan for the Noi Bai International Airport expansion has yet been selected, Deputy Minister of Transport Nguyen Nhat said in a recent interview with Vietnam News Agency amidst public debate about the expansion, which is said to cost up to five billion USD. Proposals on ...
Ore mining industry suffers setbacks
A mining company has decided to give back to the state two iron ore mines with large reserves, an unprecedented move in the country. The decision to return the two mines under exploitation in Vietnam’s Ha Giang province, according to analysts, shows that the golden age ...
